Electricity Distribution Companies’ Revenue Rises by 20.81% Despite Supply Drop, Reports NBS.
The National Bureau of Statistics (NBS) has released its Electricity Report for the first quarter of 2023, revealing that electricity...
Nigeria’s Airfares Soar as Exchange Rate Hits N702 per Dollar.
Airfares in Nigeria to various international destinations have witnessed a significant surge as the exchange rate for ticket pricing has...
FG Approves Reopening of Seme Land Border for Vehicle Imports
The Nigerian Federal Government has granted approval for the reopening of the Seme land border to facilitate the importation of...
ECOWAS Bank Signs $30M Credit Line with Access Bank in Ghana
ECOWAS Bank for Investment and Development (EBID) has entered into a credit line agreement worth $30 million with Access Bank...
UK Inflation Holds Steady at 8.7% in May, Posing Challenges for the Economy and Consumers.
The latest figures on UK inflation have been released, revealing that consumer prices rose by an annual 8.7% in May,...
Nigeria’s Foreign Reserves Drop by Over $600M in First 18 Days of Tinubu’s Presidency.
Nigeria's foreign reserves have been experiencing a rapid decline, reaching one of its lowest levels, shedding an additional $600 million...
Nigeria sets eight-week timeline to agree minimum wage with unions
The Nigerian government and main labour unions have reached an agreement to finalize an increase in the minimum wage within...
United Kingdom Launches New Trading Scheme, Benefits Developing Countries.
The United Kingdom (UK) has announced the implementation of a new trading scheme aimed at simplifying trading rules and reducing...
FG Grants Three-Month Grace Period for Vessel Owners to Settle Outstanding Tax Bill
In a bid to resolve a long-standing issue, the Federal Government of Nigeria has provided a three-month grace period for...
FG Collects Over N200 Million in Penalties from Banks for Data Privacy Violations.
The Federal Government of Nigeria has successfully collected a substantial sum exceeding N200 million in penalties from multiple banks and...
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